Short EURAUD (+47 pips)
I didnt get an image at the time of taking the trade, am really busy this morning prearing for the week ahead. This trade is approaching target now, as i use this blog to record my trades for my own analysis as well as to imform others i have posted it. Sorry its not much use to those looking for trade ideas, Monday morning is always hectic expecially after Fridays moves which were significant and have made me re-assess the fortunes for the USD. The falling yield on the US 10 year is of particular concern, as the whole curve flattens the market is sending the fed a message. The fed will either listen and pullback on rate hikes or we will get a concerted effort by fed speakers to inform the market they are going to raise, they will not raise rated with the market pricing in a low probability. Either the fed will talk the markets around or the rise will come of the table and the USD will become weaker.
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